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down. did they not see this coming? were they too optimistic? > > i think the fiscal cliff made a much bigger difference than people realize. if the average consumer is looking at somewhere between a $500 and $2500 increase in taxes next year, it is going to change their behavior, just like it changed company behaviors when you saw them accelerate their dividends. so, when the government goes and changes behavior, it is going to affect things like retail sales. > quickly mark, the oil market. how is it being affected? > > we saw a kind of terrorist thing go on in the united arab emirates, and that is what drove up oil today. however, i think that's a short-lived rally. with oil above $90, i think it is a short here. you have fewer people driving, fewer people spending. that is bad for oil. > very good. mark sebastian of option pit. thanks very much. thank you. paul eggers joins us in the studio today. paul? thanks chuck. good to be here. meantime in washington, though tax rates on the really rich may be getting all the attention, if there is no fix to an obscure corner of the tax code,
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